The UK Government has announced a £205 million budget for the fifth Contracts for Difference (CfD) funding round, which is the first auction to run annually and the second in which solar can participate since 2015.
The solar sector has criticised the introduction of a windfall tax on electricity generators, which it has warned could have a ‘perverse’ impact on the sector.
Low Carbon Contracts Company (LCCC) have now received all of the 99 signed contacts from July’s Contracts for Difference (CfD) auction, as projects start eying their first contractual milestones.
Solar Media’s head of market research Finlay Colville takes a look at last weeks CfD auction winners and how the projects are spread out around Britain.
Bluefield Solar Income Fund (BSIF) has seen its underlying earnings rise to £21.4 million as high power prices, investments into battery storage – with two-hour durations a possibility – and lower than expected irradiation all shaping H2 2021.
With wholesale prices currently above the Contracts for Difference (CfD) strike price alongside lowered levy rates, electricity suppliers are to receive reconciliation payments for their CfD contributions for the first time.
Regen is calling on the government to double the capacity for Pot One technologies from 5GW to 10GW in the next Contracts for Difference (CfD) auction.
A total of £265 million has been set aside for the Contracts for Difference (CfD) scheme, the Department for Business, Energy and Industrial Strategy (BEIS) has today (13 September) revealed.
